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BTB REIT Announces the Closing of the Offering of Units for $40.3 Million Including Full Exercise of the Over-Allotment Option
BTB REIT Announces the Closing of the Offering of Units for $40.3 Million Including Full ...
About this update from Btb Real Estate Investment Trust
[{"type":"text","content":"\n \n \n \n BTB REIT Announces the Closing of the Offering of Units for $40.3 Million Including Full Exercise of the Over-Allotment Option\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prngen2{\nPADDING-RIGHT:0.17em; PADDING-LEFT:0.17em; FONT-SIZE: 8PT; FONT-FAMILY: ARIAL; COLOR: BLACK; MARGIN:0em; BORDER-TOP:black 1pt; BORDER-RIGHT:black 1pt; BORDER-BOTTOM:black 1pt; BORDER-LEFT:black 1pt\n}\n.prnml4{\nMARGIN-TOP:0em; MARGIN-RIGHT:0em; MARGIN-BOTTOM:0em; MARGIN-LEFT:0.33em !IMPORTANT\n}\n.prnbcc{\nBORDER-COLLAPSE: COLLAPSE; BORDER-TOP:1pt black; BORDER-RIGHT:1pt black; BORDER-BOTTOM:1pt black; BORDER-LEFT:1pt black\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n /NOT FOR DISTRIBUTION TO\n \n THE UNITED STATES\n \n NEWSWIRE SERVICES OR FOR DISSEMINATION IN\n \n THE UNITED STATES\n \n ./\n \n \n \n \n MONTRÉAL\n \n ,\n \n \n March 30, 2022\n \n \n /CNW Telbec/ - BTB Real Estate Investment Trust (TSX: BTB.UN) (\"\n \n BTB\n \n \", the \"\n \n REIT\n \n \" or the \"\n \n Trust\n \n \") announces today that it has closed its previously announced bought deal public offering[1] and the concurrent closing of the issuance of 1,250,100 additional trust units pursuant to the full exercise of the over-allotment option granted to the underwriters. Including the exercise of the over-allotment option, BTB sold an aggregate amount of 9,584,100 trust units (the \"\n \n Units\n \n \") at a price of\n \n $4.20\n \n per Unit for gross proceeds of approximately\n \n $40.3M\n \n .\n \n \n \n \n \n \n \n \n \n \n This press release does not constitute an offer to sell securities, nor is it a solicitation of an offer to buy securities in any jurisdiction. This news release does not constitute an offer of securities for sale in\n \n the United States\n \n and the securities referred to in this news release may not be offered or sold in\n \n the United States\n \n absent a registration or an exemption from registration.\n \n \n \n About BTB\n \n \n BTB is a real estate investment trust listed on the Toronto Stock Exchange. BTB is a property owner active in eastern and western\n \n Canad...